This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $93,810 initial cash invested.
-4.61%
Cash On Cash
5.95%
Cap Rate
0.88
DSCR
$3,141
Rent
-$360
Cashflow
Cash Flow
$3,141 income − $3,501 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,810
Downpayment
20%
$72,200
Closing costs
1%
$3,610
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,141
Total Expenses
$3,501
Mortgage P&I
64%
$2,024
Property Taxes
9%
$278
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346